CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Real estate rentals and related revenue	$ 1,880,626	$ 1,840,699
Food & beverage sales	5,857,135	5,616,030
Marina revenues	1,621,066	1,709,238
Spa revenues	535,237	477,059
Total revenues	9,894,064	9,643,026
Operating expenses:
Rental and other properties	725,555	572,171
Food and beverage cost of sales	1,682,388	1,549,328
Food and beverage labor and related costs	1,316,283	1,399,514
Food and beverage other operating costs	2,063,408	1,909,047
Marina expenses	856,863	989,265
Spa expenses	537,901	431,319
Depreciation and amortization	1,147,525	1,012,347
Adviser's base fee	1,020,000	1,020,000
General and administrative	376,850	387,696
Professional fees and expenses	424,915	364,716
Directors' fees and expenses	100,744	116,278
Goodwill impairment loss		2,100,000
Total operating expenses	10,252,432	11,851,681
Interest expense	901,992	1,057,990
Total expenses	11,154,424	12,909,671
Loss before other (loss) income and income taxes	(1,260,360)	(3,266,645)
Net realized and unrealized (loss) gains from investments in marketable securities	(59,431)	319,426
Net income from other investments	68,639	324,372
Other than temporary impairment losses from other investments	(86,707)	(140,000)
Realized loss on partial settlement of interest rate swap agreement	(198,400)
Interest, dividend and other income	233,071	330,105
Total other (loss) income	(42,828)	833,903
Loss before income taxes	(1,303,188)	(2,432,742)
Benefit from income taxes	(152,000)	(22,000)
Net loss	(1,151,188)	(2,410,742)
Less: Net loss attributable to noncontrolling interest in consolidated entities	211,092	1,075,945
Net loss attributable to the Company	(940,096)	(1,334,797)
Unrealized loss on interest rate swap agreement	(256,500)	(159,000)
Total other comprehensive loss	(256,500)	(159,000)
Comprehensive loss	(1,196,596)	(1,493,797)
Basic and diluted (in Dollars per share)	$ (0.93)	$ (1.31)
Weighted average common shares outstanding-Basic and diluted	$ 1,010,426	$ 1,019,571